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Individuals go to a Chipotle restaurant on February 09, 2022 in Miami, Florida.
Joe Raedle | Getty Pictures
Chipotle Mexican Grill is anticipated to report its second-quarter earnings after the bell on Tuesday.
Here is what Wall Road analysts surveyed by Refinitiv expect:
- Earnings: $9.04 per share
- Income: $2.24 billion
Like many different eating places, the burrito chain has leaned on value will increase as its meals and labor prices have risen. Up to now, executives are assured in Chipotle’s pricing energy, saying that client habits hasn’t modified but.
However that might change this quarter as inflation retains accelerating and wallets begin to really feel the pinch. McDonald’s executives stated on the corporate’s earnings name earlier on Tuesday that it is beginning to see some full-service and fast-casual diners commerce all the way down to its Large Macs and McNuggets.
Chipotle had projected same-store gross sales development of 10% to 12% for the second quarter. Wall Road is anticipating the corporate to report same-store gross sales of 10.9%, based on StreetAccount estimates.
Chipotle shares have fallen 25% this 12 months, dragging its market worth all the way down to $37.16 billion.
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